Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
INDUSTRY FOCUS
Glencore’s Mutanda copper-cobalt mine – the world’s biggest cobalt producer — has closed a month early.
In August, the multi commodity giant said it was going to mothball Mutanda in the DRC “from the end of this year” due to low prices.
The suspension removes 20 per cent of global cobalt supply from the market. But despite a short-lived price rally in August, cobalt prices have continued to slide towards year-end.
The news isn’t all bad, says Benchmark Minerals Intelligence, which estimates battery makers will need 152,000t each year of cobalt by 2024 — up from just 75,000t in 2019.
“Whilst the market is currently in oversupply, Benchmark Minerals expects the supply of cobalt raw materials, particularly cobalt hydroxide, to tighten in 2020 and stockpiles that have accumulated over the last 18 months begin to reduce,” it says.
“The closure of Mutanda has been a key factor in bringing the market deficit forward, which could see sustained price rises from H2 2020 as demand from the electric vehicle and energy storage markets continues to grow.”
NOW READ: Benchmark forecasts stronger cobalt prices going into 2020
SMALL CAP SPOTLIGHT
Of the companies on our list, 62 lost ground, 44 were ahead and 43 were steady this week.
Polymetallic explorer Mt Burgess Mining (ASX:MTB) led the rankings, up 100 per cent on no news.
The company says vanadium increasingly represents a huge value-add at its flagship Kihabe-Nxuu zinc, lead, silver, germanium and vanadium project in Botswana.
WA-based Conico (ASX:CNJ) — also up on no news — is focused on the Mt Thirsty nickel-cobalt project, a 50:50 joint venture with fellow explorer Barra Resources (ASX:BAR).
The company says a pre-feasibility study (PFS) is planned for publication in the first quarter next year “to align with anticipated rising cobalt and nickel prices”.
Discussions are ongoing with potential development partners who all identify the PFS as an investment catalyst, the company told shareholders in November.
There’s nothing to see when it comes to big mover Boadicea Resources (ASX:BOA) — except that neighbouring Fraser Range nickel sulphide explorer Legend Mining (ASX:LEG) is in a trading halt “pending the release of exploration results on the company’s Rockford project”.
The grapevine says Legend may have found something big. We’ll know for sure very soon.
NOW READ: Barry FitzGerald — Legend, Mark Creasy and the Fraser Range make it a nickel stock to watch
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
Code | Name | Price Dec 3 [intraday] | 1 Week Total Return % | 1 Year Total Return % | Market Cap |
---|---|---|---|---|---|
MTB | MOUNT BURGESS MINING | 0.004 | 100 | -20 | $ 1,596,388.13 |
CNJ | CONICO | 0.013 | 63 | -40 | $ 4,997,177.00 |
MRR | MINREX RESOURCES | 0.014 | 27 | -30 | $ 1,054,655.00 |
BOA | BOADICEA RESOURCES | 0.265 | 26 | 104 | $ 12,787,022.00 |
AEE | AURA ENERGY | 0.005 | 25 | -74 | $ 6,619,703.00 |
ARE | ARGONAUT RESOURCES | 0.005 | 25 | -81 | $ 7,891,903.00 |
BPL | BROKEN HILL PROSPECTING | 0.03 | 23 | -23 | $ 3,487,751.50 |
THR | THOR MINING | 0.006 | 20 | -77 | $ 5,609,881.00 |
SRN | SUREFIRE RESOURCES | 0.003 | 20 | -57 | $ 1,884,460.88 |
AZI | ALTA ZINC | 0.007 | 17 | 54 | $ 13,032,892.00 |
HWK | HAWKSTONE MINING | 0.007 | 17 | -68 | $ 5,707,226.00 |
MLL | MALI LITHIUM | 0.076 | 12 | -61 | $ 24,118,456.00 |
BEM | BLACKEARTH MINERALS | 0.052 | 11 | -42 | $ 5,910,087.00 |
KTA | KRAKATOA RESOURCES | 0.04 | 11 | 56 | $ 6,930,000.00 |
KAI | KAIROS MINERALS | 0.011 | 10 | -56 | $ 10,828,402.00 |
LIT | LITHIUM AUSTRALIA | 0.035 | 9 | -64 | $ 18,165,242.00 |
PSC | PROSPECT RESOURCES | 0.13 | 8 | -50 | $ 30,673,728.00 |
JRV | JERVOIS MINING | 0.19 | 8 | 3 | $ 121,910,208.00 |
MLM | METALLICA MINERALS | 0.014 | 8 | -58 | $ 4,536,663.50 |
BYH | BRYAH RESOURCES | 0.045 | 7 | -54 | $ 4,467,696.50 |
FEL | FE | 0.015 | 7 | 7 | $ 6,353,121.00 |
JRL | JINDALEE RESOURCES | 0.31 | 7 | 26 | $ 9,816,035.00 |
BSM | BASS METALS | 0.008 | 7 | -53 | $ 19,669,122.00 |
SRK | STRIKE RESOURCES | 0.048 | 7 | -13 | $ 8,356,713.50 |
CHN | CHALICE GOLD MINES | 0.17 | 6 | 32 | $ 46,591,584.00 |
LI3 | LITHIUM CONSOLIDATED | 0.039 | 6 | -52 | $ 3,884,587.50 |
GLN | GALAN LITHIUM | 0.16 | 6 | -32 | $ 22,624,226.00 |
LTR | LIONTOWN RESOURCES | 0.085 | 6 | 247 | $ 158,811,616.00 |
MZZ | MATADOR MINING | 0.265 | 6 | 0 | $ 25,221,746.00 |
INR | IONEER | 0.2 | 5 | -11 | $ 335,726,656.00 |
BSX | BLACKSTONE MINERALS | 0.13 | 4 | -11 | $ 23,007,776.00 |
IDA | INDIANA RESOURCES | 0.026 | 4 | -47 | $ 4,587,367.50 |
AXE | ARCHER MATERIALS | 0.135 | 4 | 78 | $ 25,621,932.00 |
RML | RESOLUTION MINERALS | 0.053 | 4 | -27 | $ 4,023,297.75 |
MIN | MINERAL RESOURCES | 15.16 | 4 | 4 | $ 2,925,560,576.00 |
COB | COBALT BLUE | 0.14 | 4 | -34 | $ 20,986,352.00 |
FGR | FIRST GRAPHENE | 0.15 | 3 | -19 | $ 67,647,608.00 |
GPX | GRAPHEX MINING | 0.165 | 3 | -16 | $ 18,172,388.00 |
VMC | VENUS METALS | 0.185 | 3 | 41 | $ 23,629,386.00 |
AVZ | AVZ MINERALS | 0.045 | 2 | -44 | $ 99,078,384.00 |
ORE | OROCOBRE | 2.42 | 2 | -42 | $ 659,428,736.00 |
INF | INFINITY LITHIUM | 0.064 | 2 | -25 | $ 13,753,979.00 |
BUX | BUXTON RESOURCES | 0.071 | 1 | -49 | $ 9,659,936.00 |
TLG | TALGA RESOURCES | 0.46 | 1 | 0 | $ 103,294,264.00 |
TKL | TRAKA RESOURCES | 0.008 | 0 | -65 | $ 3,203,703.75 |
MCT | METALICITY | 0.004 | 0 | -80 | $ 2,892,839.75 |
RLC | REEDY LAGOON | 0.003 | 0 | -63 | $ 1,206,815.13 |
PGM | PLATINA RESOURCES | 0.02 | 0 | -67 | $ 6,525,520.50 |
SUH | SOUTHERN HEMISPHERE MINING | 0.027 | 0 | -33 | $ 2,485,875.75 |
SYA | SAYONA MINING | 0.01 | 0 | -55 | $ 18,376,386.00 |
LRS | LATIN RESOURCES | 0.01 | 0 | -89 | $ 1,556,991.25 |
OMH | OM HOLDINGS | 0.5 | 0 | -63 | $ 369,311,680.00 |
BDI | BLINA MINERALS | 0.001 | 0 | 0 | $ 5,454,882.50 |
JMS | JUPITER MINES | 0.2475 | 0 | 9 | $ 489,747,744.00 |
DTM | DART MINING | 0.1 | 0 | -29 | $ 5,351,880.50 |
CZR | COZIRON RESOURCES | 0.008 | 0 | -33 | $ 16,664,410.00 |
VML | VITAL METALS | 0.013 | 0 | 86 | $ 27,853,946.00 |
AMD | ARROW MINERALS | 0.007 | 0 | -50 | $ 5,863,992.00 |
AJM | ALTURA MINING | 0.059 | 0 | -71 | $ 148,682,880.00 |
BKT | BLACK ROCK MINING | 0.051 | 0 | 24 | $ 32,076,130.00 |
TAR | TARUGA MINERALS | 0.015 | 0 | -71 | $ 2,597,475.75 |
POW | PROTEAN ENERGY | 0.005 | 0 | -76 | $ 1,557,186.25 |
NZC | NZURI COPPER | 0.3 | 0 | 11 | $ 88,771,648.00 |
AUZ | AUSTRALIAN MINES | 0.016 | 0 | -59 | $ 51,671,136.00 |
HIP | HIPO RESOURCES | 0.017 | 0 | 42 | $ 6,570,678.00 |
PUR | PURSUIT MINERALS | 0.008 | 0 | -73 | $ 2,311,538.50 |
PSM | PENINSULA MINES | 0.002 | 0 | -60 | $ 2,033,744.13 |
PNN | PEPINNINI LITHIUM | 0.002 | 0 | -65 | $ 2,514,255.00 |
CFE | CAPE LAMBERT RESOURCES | 0.004 | 0 | -78 | $ 4,417,896.00 |
ADV | ARDIDEN | 0.0035 | 0 | -50 | $ 5,071,560.50 |
PIO | PIONEER RESOURCES | 0.013 | 0 | -19 | $ 19,613,864.00 |
MLS | METALS AUSTRALIA | 0.001 | 0 | -67 | $ 4,811,029.00 |
LKE | LAKE RESOURCES | 0.028 | 0 | -74 | $ 15,885,963.00 |
RNU | RENASCOR RESOURCES | 0.013 | 0 | -24 | $ 16,231,941.00 |
WKT | WALKABOUT RESOURCES | 0.29 | 0 | 215 | $ 94,740,384.00 |
GED | GOLDEN DEEPS | 0.024 | 0 | -41 | $ 7,220,822.50 |
RIE | RIEDEL RESOURCES | 0.013 | 0 | -13 | $ 5,434,906.00 |
LPD | LEPIDICO | 0.016 | 0 | 1 | $ 66,055,028.00 |
GBE | GLOBE METALS AND MINING | 0.017 | 0 | -6 | $ 7,920,680.50 |
AVL | AUSTRALIAN VANADIUM | 0.01 | 0 | -71 | $ 25,528,020.00 |
KOR | KORAB RESOURCES | 0.015 | 0 | -44 | $ 4,757,992.00 |
CLA | CELSIUS RESOURCES | 0.014 | 0 | -75 | $ 9,843,835.00 |
MQR | MARQUEE RESOURCES | 0.066 | 0 | -14 | $ 4,198,266.50 |
CRL | COMET RESOURCES | 0.022 | 0 | -27 | $ 6,512,000.00 |
HNR | HANNANS | 0.009 | 0 | -18 | $ 17,891,590.00 |
RMX | RED MOUNTAIN MINING | 0.007 | 0 | 0 | $ 5,082,220.50 |
CUL | CULLEN RESOURCES | 0.013 | 0 | -41 | $ 2,463,042.75 |
HXG | HEXAGON ENERGY MATERIALS | 0.07 | -1 | -52 | $ 20,470,338.00 |
ZNC | ZENITH MINERALS | 0.054 | -2 | -24 | $ 13,141,442.00 |
SO4 | SALT LAKE POTASH | 0.775 | -2 | 76 | $ 200,259,824.00 |
MEI | METEORIC RESOURCES | 0.051 | -2 | 240 | $ 57,205,672.00 |
SEI | SPECIALITY METALS INTERNATIONAL | 0.05 | -2 | 318 | $ 50,119,212.00 |
DGR | DGR GLOBAL | 0.083 | -2 | -41 | $ 52,120,460.00 |
DEV | DEVEX RESOURCES | 0.078 | -2 | 58 | $ 15,229,046.00 |
TNG | TNG | 0.097 | -3 | -7 | $ 107,956,328.00 |
GXY | GALAXY RESOURCES | 0.895 | -3 | -66 | $ 378,768,384.00 |
HAV | HAVILAH RESOURCES | 0.092 | -3 | -50 | $ 22,915,526.00 |
ARL | ARDEA RESOURCES | 0.605 | -3 | 26 | $ 84,456,312.00 |
KNL | KIBARAN RESOURCES | 0.088 | -3 | -29 | $ 29,180,028.00 |
EUR | EUROPEAN LITHIUM | 0.08 | -4 | -32 | $ 51,008,800.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | 0.135 | -4 | -67 | $ 11,819,813.00 |
LPI | LITHIUM POWER INTERNATIONAL | 0.245 | -4 | -8 | $ 66,941,044.00 |
POS | POSEIDON NICKEL | 0.047 | -4 | 14 | $ 129,492,392.00 |
EMH | EUROPEAN METALS | 0.335 | -4 | 3 | $ 46,750,756.00 |
CAZ | CAZALY RESOURCES | 0.023 | -4 | 147 | $ 7,960,605.00 |
BAR | BARRA RESOURCES | 0.021 | -5 | -38 | $ 14,912,894.00 |
PLL | PIEDMONT LITHIUM | 0.11 | -5 | -16 | $ 85,614,936.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES | 0.1 | -5 | -68 | $ 65,421,728.00 |
NMT | NEOMETALS | 0.19 | -5 | -9 | $ 108,887,640.00 |
PAN | PANORAMIC RESOURCES | 0.365 | -5 | 7 | $ 245,338,384.00 |
GME | GME RESOURCES | 0.055 | -5 | -27 | $ 27,843,360.00 |
TON | TRITON MINERALS | 0.036 | -5 | -12 | $ 33,376,974.00 |
CXO | CORE LITHIUM | 0.035 | -5 | -40 | $ 28,453,124.00 |
E25 | ELEMENT 25 | 0.18 | -6 | -17 | $ 16,565,809.00 |
NWC | NEW WORLD COBALT | 0.016 | -6 | -33 | $ 13,097,812.00 |
NXE | NEW ENERGY MINERALS | 0.015 | -6 | -70 | $ 2,446,327.00 |
PLS | PILBARA MINERALS | 0.285 | -6 | -65 | $ 667,111,296.00 |
ASN | ANSON RESOURCES | 0.028 | -7 | -64 | $ 17,398,892.00 |
4CE | FORCE COMMODITIES | 0.014 | -7 | -30 | $ 7,807,166.50 |
KSN | KINGSTON RESOURCES | 0.13 | -7 | -26 | $ 26,488,848.00 |
AGY | ARGOSY MINERALS | 0.084 | -7 | -52 | $ 83,435,176.00 |
LCD | LATITUDE CONSOLIDATED | 0.013 | -7 | -28 | $ 3,577,327.00 |
VRC | VOLT RESOURCES | 0.012 | -8 | -42 | $ 19,615,080.00 |
CHK | COHIBA MINERALS | 0.012 | -8 | -37 | $ 8,639,985.00 |
CLQ | CLEAN TEQ | 0.22 | -8 | -47 | $ 171,685,840.00 |
VR8 | VANADIUM RESOURCES | 0.032 | -9 | -71 | $ 12,351,155.00 |
HRZ | HORIZON MINERALS | 0.096 | -9 | -36 | $ 41,513,596.00 |
WCN | WHITE CLIFF MINERALS | 0.005 | -9 | -44 | $ 2,351,749.50 |
SVM | SOVEREIGN METALS | 0.095 | -10 | 28 | $ 35,939,868.00 |
PM1 | PURE MINERALS | 0.017 | -11 | 21 | $ 8,481,752.00 |
SYR | SYRAH RESOURCES | 0.37 | -11 | -78 | $ 144,722,576.00 |
AML | AEON METALS | 0.098 | -13 | -62 | $ 70,777,320.00 |
EUC | EUROPEAN COBALT | 0.02 | -13 | -52 | $ 16,757,341.00 |
NVA | NOVA MINERALS | 0.032 | -14 | 48 | $ 30,757,126.00 |
IEC | INTRA ENERGY | 0.006 | -14 | -45 | $ 2,326,344.25 |
DHR | DARK HORSE RESOURCES | 0.003 | -14 | -40 | $ 8,047,117.00 |
BAT | BATTERY MINERALS | 0.006 | -14 | -75 | $ 7,908,549.50 |
SVD | SCANDIVANADIUM | 0.007 | -14 | -71 | $ 2,111,196.50 |
LML | LINCOLN MINERALS | 0.005 | -17 | -17 | $ 3,449,902.00 |
MZN | MARINDI METALS | 0.054 | -17 | -83 | $ 4,476,912.00 |
GNM | GREAT NORTHERN MINERALS | 0.009 | -18 | -78 | $ 2,837,825.75 |
MTH | MITHRIL RESOURCES | 0.008 | -20 | 33 | $ 4,903,892.00 |
WML | WOOMERA MINING | 0.016 | -20 | -76 | $ 2,148,671.50 |
CZN | CORAZON MINING | 0.002 | -20 | -60 | $ 4,076,721.25 |
SI6 | SIX SIGMA METALS | 0.003 | -25 | -40 | $ 2,580,012.50 |
SBR | SABRE RESOURCES | 0.003 | -25 | -57 | $ 2,531,151.00 |
AYR | ALLOY RESOURCES | 0.002 | -25 | -63 | $ 3,133,016.00 |
MTC | METALSTECH | 0.046 | -25 | 29 | $ 6,198,556.00 |
ANW | AUS TIN MINING | 0.0015 | -40 | -92 | $ 5,090,103.50 |